Clayton Dubilier & Rice Gets Okay For Univar Deal

Buyout shop Clayton, Dubilier & Rice has received regulatory approval from the European Union to buy a minority stake in Dutch company Univar, Reuters reported. The firm will take a 42.5% stake in the chemical company and gain joint control, Reuters said. The deal values Univar at $4.2 billion.

CD&R unveiled the deal in September, which values Univar at $4.2 billion. It expects to close the transaction in the fourth quarter.

The European Commission, the EU competition watchdog, said: “After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.”